Remember when you picked up the afternoon newspaper, after work to see how well your stocks did that day
Remember when market movement meant prices were being determined by actual humans and not robotic computerized programed machines.
Remember when you had to swallow hard to get up the courage to ask the most attractive girl at your school out for a date at the prom.
Remember when going to church on Sunday with your family actually meant the values that you held dear.
I don't see much of that world anymore, and if time has past me by, then I shall always cherish the leaders who aspired to dreams and greatness when I was growing up. John Kennedy, Bobby Kennedy, Martin Luther King,
If we are ever to get back to that time in our country again, and going back in time is almost impossible they say, well then the Dow is going to have to drop to 8000, to make all this new modern world pain go away.
Ha.
THE_UNWIND 3/20/19 First Day of Spring Mountins/New York
I understand. My recommendation to you is that if you need to be in the market,at risk
simply allocate trading capital to money that you could worst case scenario afford to lose.
if you are wrong in your opinion.
Markets will always deliver contant "tension", an exc ellent word and observation on your part.
SviCapital
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good times.
mschooler
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Very well put!
There will be a re-set. Everything in nature runs in cycles, everything, including the Stock Market. What goes up, must come down.
Consider what just happened when the Fed said they aren't going to raise rates this year, the S&P went bonkers, straight up like 15 points! Why? Did anyone not listen to what the guy said, "we aren't raising rates because we see the economy slowing down". He admitted there is a slowing in the economy, duh! You should be selling your guts out, but nobody on Wall Street cared about that part, they just heard that they get to borrow more money and it won't cost what it should. Like a junkie just getting the word from his dealer he can have more crack for a year, the users on Wall Street said: buy, buy, buy!
I don't know if dropping back down to 8000, which I think is a good estimate, will bring us back to a time when stocks represented a valuable piece of a company, or the values our founding fathers held so dear will become prevalent again, but when we see a 1930's type downturn, which some authors out there believe is going to start by the end of this year, there will be some humbling times.
The sad part is, it won't be the big-wigs and corrupt politicians that will feel the pain, it will be the silent majority who have given their 401k money to the financial planner next door, who will bear the brunt.
realColtonX
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Now we have seen the Fed minutes. What else is there? Everyone wanted no hikes for 2019. They got what they wanted. But a close cousin to 'Remember when," one must ask "Why?"
Of course, not because of Trump and Powell. Not because of anything other than the data is finally undeniable for the Fed. As simple as that. The world is lowering interest rates, and like everything societal, cultural, technological, and alas, economic, the world is ahead of the United States. What we see, this major and utterly DRAMATIC capitulation, is absolutely no exception. It is the OPPOSITE of an exception!
What else is there for the market? What else is there for investors. TLT, Gold, Chinese markets, DXY, all bad in my opinion. The Fed Capitulation, I predict, is not going to be what everyone wanted. Give it some time for everyone to start asking questions. The options brothers, Najarians, or however it's spelled, were ranting and raving about bullish sentiment in banks - I don't think so! People talking their book? People not fighting the market? Perhaps. But sometimes you have to fight the market. Sometimes the market has it all wrong. Fortune favors the bold.
What is your view on that?